Liberty Specialty Markets (LSM) has promoted Andrew Beechey to the new role of head of underwriting and strategic development for global financial risks.

Beechey, who currently serves as head of GFR for the Asia Pacific region based in Singapore, will return to London on 1 December to assume his new role and will report to head of GFR Peter Sprent.

Andrew joined LSM in 2014 from Zurich where he was most recently deputy head of the London credit and political risk team. Prior to this, he spent a decade in the credit and political risk division at Marsh, based in both the US and UK.

Commenting on the promotion, Sprent said: “Our GFR book has performed extremely well over the last few years and we’ve been able to establish ourselves as a major player in the global market.

“Andrew has done a fantastic job setting up GFR in Singapore and growing that business into a market leading position over the last few years. His promotion and move to London come as part of the overall expansion of our GFR team and the continued growth in our global business.”

LSM said that an announcement regarding Andrews’s replacement in LSM’s Asia Pacific region will be made shortly.